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Brussels Regulatory Brief: May 2024
The National Law Review· 3 days agoOn 12 April 2024, the European Commission (Commission) approved the plan to unwind a transaction in the early cancer detection sector that was...
Breakingviews: Five reasons financial disasters are hard to avoid
Reuters· 2 days agoIf we understand the causes of financial crises and how to prevent them, why do they keep happening?...
Temu designated as VLOP under EU Digital Services Act rules
Retail Insight Network via Yahoo Finance· 5 days agoThe European Commission (EC) has officially recognised fast-fashion e-commerce retailer Temu, which...
CFTC’s GMAC: Bank Capital Proposals Will Harm Cleared Derivatives Markets and Improvements Needed to...
JD Supra· 1 day agoThe Global Markets Advisory Committee (“GMAC”) of the U.S. Commodity Futures Trading Commission (“CFTC”) issued on June 4, 2024, a report on cleared derivatives and recommendations for non-cleared ...
EU Ratifies Pioneering Artificial Intelligence Legislation | JD Supra
JD Supra· 5 days agoOn May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. The Act ...
Wall Street frets over timeline for centralized Treasury clearing
Reuters via Yahoo Finance· 2 days agoThe Securities and Exchange Commission in December adopted new rules aimed at reducing systemic risk...
US SEC's Gensler welcomes competition on multiple clearing houses for Treasuries
Reuters· 3 days agoGary Gensler, chair of the Securities and Exchange Commission, said on Wednesday he welcomed...
Office Building Losses Start to Pile Up, and More Pain Is Expected
New York Times· 2 days agoThe distress in commercial real estate is growing as some office buildings sell for much lower...
Circle Submits Application To Work With Financial Institutions For BIS Project Agorá | Crowdfund...
Crowdfund Insider· 4 days agoCircle are pleased to announce they have submitted application to participate in Project Agorá,an...
Cayman Islands Branch of FDIC-Insured U.S. Bank Ineligible for Chapter 15 Relief | JD Supra
JD Supra· 3 days agoThe Bankruptcy Code bars certain individuals or entities from filing for bankruptcy protection, generally because they do not reside or have a place of business or property in the United States ...